Friday, December 19, 2014

Are you thinking what I’m thinking?


The U. S. Mint reported a strange thing the other day:

It costs 1.7 cents to make a penny.
It costs 8.1 cents to make a nickel.

The government—that is, us—spends almost $1.65 to produce a dollar’s worth of pennies or nickels.

Are you thinking what I’m thinking?



At least, let’s make this call: what do we need pennies for? In many retail establishments, you can toss your pennies into the “leave a penny, take a penny” tray—you can literally give away the pennies you get in change, so you won’t have to carry them in your pocket or purse.

Let’s retire the penny.

Sorry, Abe.












Copyright © Richard Carl Subber 2014

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